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[Nasdaq 100 Index]
Although a Bullish Divergence has appeared on the RSI(14), but the RSI is still in the Neutral-Bearish zone, and both EMAs are in a Death Cross configuration, suggesting that the Nasdaq 100 Index has the potential to weaken today.
Key Levels
1. Resistance. 2 : 25474.6
2. Resistance. 1 : 25083.8
3. Pivot : 24885.1
4. Support. 1 : 24464.3
5. Support. 2 : 24235.6
Tactical Scenario:
Pressure Zone: If the price breaks down below 24464.3, there is potential for a continuation to 24235.6.
Momentum Extension Bias: If 24235.6 is broken, there is an opportunity to test 23844.8.
Invalidation Level / Bias Revision:
The upside bias is restrained if the price of #NDX breaks above 25474.6.
Technical Summary:
EMA(50) : 24869.5
EMA(200): 25116.6
RSI(14) : 41.66 + Bullish Divergent
Economic News Release Agenda:
Tonight from the United States, the following economic data will be released:
US - CPI y/y - 20:30 WIB
US - Unemployment Claims - 20:30 WIB
US - Philly Fed Manufacturing Index - 20:30 WIB
US - Natural Gas Storage - 20:30 WIB
US - TIC Long-Term Purchases - 04:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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